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Suriname Renews Partnership with World Bank

Special Correspondent - 2011-11-07 23:54
WASHINGTON — Françoise Clottes, World Bank Director for the Caribbean, Giorgio Valentini, World Bank Country Representative for Suriname, and Kirk Ifill, Representative of the International Finance Corporation (IFC), the private sector arm of the World Bank Group, will begin today a three-day visit to Suriname to renew the Bank’s commitment to the country’s development efforts. After 30 years of limited dialogue, Suriname and the World Bank Group are currently working on a gradual re-engagement strategy and exploring how the organization’s global knowledge and expertise can best support the government.

UN AND BRAZIL LAUNCH INITIATIVE TO COMBAT HUNGER AMONG SCHOOL CHILDREN

Special Correspondent - 2011-11-07 18:52
New York: The United Nations World Food Programme (WFP) and the Brazilian Government today launched a new initiative to help countries run their own national school meal programmes to advance the nutrition and education of children.

Continued fiscal consolidation has improved Romania’s credibility

Special Correspondent - 2011-11-07 18:46
Staff teams from the European Commission (EC) and the International Monetary Fund (IMF) visited Bucharest from October 25 until November 7 for the regular review of Romania’s economic program. The objectives of the program are to solidify economic growth while maintaining macroeconomic and financial stability.

Tanzania intends to pursue prudent fiscal policies in 2012/13

Special Correspondent - 2011-11-07 14:45
An International Monetary Fund (IMF) mission, led by Mr. Peter Allum, visited Dar es Salaam during October 26–November 7, 2011 to conduct discussions for the third review under the Policy Support Instrument (PSI). The mission met with Finance Minister Mkulo, Bank of Tanzania Governor Ndulu, and other senior officials, as well as representatives of the private sector, civil society, and development partners.

Russia's key priority must be to rebuild fiscal buffers

Special Correspondent - 2011-11-07 14:42
Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), today called on Russia and emerging Europe to strengthen policies to guard against rising risks in the global economy.

ADB is lending $170 million to build a new power plant in Thailand

Special Correspondent - 2011-11-07 04:40
MANILA, PHILIPPINES – The Asian Development Bank (ADB) is lending $170 million to build a new power plant in Thailand that will provide clean, affordable electricity to help meet the country’s increasing demand for supply.

SECURITY COUNCIL CALLS ON ALL LIBERIANS TO TAKE PART IN UPCOMING POLL

Special Correspondent - 2011-11-06 23:24
New York: Voicing concern over statements urging a boycott of Liberia's presidential run-off, the Security Council on Sunday called on all actors to work together to ensure a successful completion of the electoral process.

CENTRAL AMERICA FLOODS CRISIS ONLY JUST BEGINNING

Special Correspondent - 2011-11-05 23:51
New York: The humanitarian emergency caused by last month's devastating floods in Central America is only just beginning, a top United Nations relief official said today, warning that the situation could get worse for the estimated 1.2 million people affected without urgent international support.

NEPALI MAOISTS SPLIT OVER INDIA

BHATTARAI UNDER ATTACK FROM HARDLINERS
Sankar Ray - 2011-11-05 11:38
KOLKATA: The hurriedly called one-day meeting of the central committee of United Communist Party of Nepal (Maoist) in Kathmandu on November 3 reflected a splitting mood in the Maoist party with the vice-chairman Mohan Baidya’s 10-point note of dissent. The UCPN (Maoist) chairman Pushpa Kamal Dahal expressed concern stating that “the intra-party rift reached its climax”. A day before the CC meet, Baidya a k a Kiranji in a press statement opposed the seven-point peace deal with the major parties on the integration of Maoists’ People’s Liberation Army with the Nepali Army.

CANNES SUMMIT COMMITS TO ACTIONS ON GROWTH AND STABILITY

MAJOR RESPONSIBILITY REMAINS FOR EURO LEADERS TO SAVE ZONE
S. Sethuraman - 2011-11-05 11:35
The G-20 Leaders Summit in Cannes (Nov.3-4) may not have geared itself fully to confront the daunting challenges of restoring growth and financial stability with a time-frame, but its “firm commitment” to what it calls a “global strategy for growth and jobs” offers some hope for beleaguered economies while the overall outcome, given recent financial turmoils in Eurozone, must be rated satisfactory.